Earnings week off to BAD start

MSFT, AMZN down big in after-hours trading ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Elon Musk has reportedly told his partners that he intends to close the deal on Twitter (TWTR) by Friday. TWTR was up by 2.45% yesterday and gained slightly in after-hours trading. The question is whether the federal government is going to put in some roadblocks. It's no secret that the Biden Administration doesn't seem particularly fond of the TecnoKing, even to the point of favoring other auto companies that are pushing electric vehicles. The Biden Administration is reportedly weighing a "national security review" of Musk's takeover. He's become something more than just a corporate leader... After all, Starlink has become integral to the military of Ukraine. And those trying to bring regime change to Iran... And SpaceX is going to be extremely important to NASA, the Space Force, and other parts of the federal government... We're at a time when the line between politics and business is thin. Federal contracts, the whims of bureaucrats, and the details of regulations can determine whether someone succeeds or fails. Everything, ultimately, is downstream from power. That's why we see it as our job to help you gain more - through successful trades, learning ways to read the market, and becoming wealthier and more powerful together. Keep Moving, WORD ON THE STREET Home Prices Cool, SNAP Back, MSFT Down - Dead Cat Bounce? - After last week's catastrophe, traders took advantage of Snapchat's (SNAP) low price. The stock was up 15% yesterday, but the problems with the online ad market remain.  - Tech Sector Facing Cloud Crisis - Microsoft (MSFT) was down about 7% in after-hours trading after reporting slow growth in its cloud division. As if in sympathy, Amazon (AMZN) also fell after the market formally closed. Investors are assuming MSFT and AMZN are facing similar problems - Not A Seller's Market - The S&P CoreLogic Case-Schiller Home Price Index showed home prices were up 13% last month compared with August 2021. That's 2.6% less from the year-over-year figure in July. It may not sound like much, and prices are still going up, but this represents the fastest deceleration in the history of the index. That's a big deal considering it was created all the way back in 1987.  - Progressives Withdraw Plea For Negotiations On Ukraine - About 30 progressive Democrats in Congress issued and then withdrew a letter to President Joe Biden urging negotiations in Ukraine. Rep. Pramila Jayapal, chair of the progressive group, claimed the letter "unfortunately was released by staff without vetting." (As the kids say, Press X For Doubt.) There will be no challenge from the left when it comes to American foreign policy.  "3-Pillar" strategy spots a 108% surge in just 4 days... RapidFire is on fire — with new trades are on the verge of exploding soon! [Click here to learn more](. HOT SPOTS: What's Going on in Geopolitics - Houthi Rebels Threaten Tanker Attacks - Mohammed al-Bukhaiti, a spokesman for Iranian-backed Houthi rebels in Yemen, said an attempted attack on an oil terminal was actually aimed at a tanker and was just a warning. "Next time, the oil tankers will be targeted unless the aggressive countries stop stealing our wealth and direct the revenues to paying salaries," he said. "If international law allows the aggressive countries to kill Yemenis, besieging them and looting their wealth, we will bury it like what we have done with the U.N. Security Council resolutions and international community condemnations." - Chechnya Head Declares Holy War – Ramzan Kadyrov, head of the Chechen Republic and a close ally of Russian president Vladimir Putin, vowed to take over all of Ukraine in a rambling address. "In general, Ukraine is our territory, Russian territory," he said. "This is a great jihad that we should all participate in," he went on, associating the Ukrainian cause with Satan worship. - Deutsche Bank Tops Expectations - While tech companies struggled, Deutsche Bank soared, significantly beating expectations on net income. Net profit totaled 1.115 billion euros, compared to expectations of just 835 million euros.   CUTTING EDGE: What[']( Happening In Tech - Spotify Falls In After-Hours - Spotify (SPOT) posted a greater than expected loss per share despite beating expectations on revenue. The stock fell about 7% in after-hours trading. - Google Cutting Back On Hiring – Alphabet (GOOGL) missed expectations on earnings per share and revenue. CEO Sundar Pichai said the company will slow the pace of hiring. YouTube ad revenue fell by about 2% year-over-year.  - Musk Says He'll Close TWTR Deal By Friday - He's told the bankers, so we can assume he's serious. Elon Musk has reportedly told his financial partners that he's planning to close the $44 billion takeover of Twitter by this Friday.  Musk has reportedly mused about laying off 75% of Twitter's staff FOR YOUR CONSIDERATION "The extraordinary economic growth that the United States and Europe enjoyed in recent years were premised upon three things…All of these things are now in jeopardy."Microsoft and Amazon were both down after-hours yesterday... and that could be just the beginning. Mr. X presents the case for caution and explains the terrifying reality. 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